In sports betting, a -15 point spread signifies that the team you are choosing to bet on (the favorite) must win by more than 15 points for your bet to be payout.
If the favored team wins by exactly 15 points, the situation is known as a ‘push,’ where your initial bet amount is returned to you.
But if the favored team wins by less than 15 points or loses, then you lose your bet.
How does this affect your betting strategy?
A -15 point spread should weigh heavily on your betting strategy. When you encounter such a large spread, it’s paramount to evaluate whether the favored team is capable of covering this spread.
This evaluation would involve analyzing past performances, considering any player injuries, and contemplating other factors that could affect the game’s outcome.
While betting on a high spread like -15 carries more risk, remember that the potential reward may also be greater.
Let’s put this into perspective with a real-world example of a $100 bet
Suppose you place a $100 bet on Team A with a -15 point spread at odds of -110.
If Team A wins by more than 15 points, you’ve won your bet and will receive approximately $190.90 (your original $100 stake plus $90.90 in winnings).
If Team A wins by exactly 15 points, it results in a push, and you get your $100 stake back.
If Team A wins by fewer than 15 points or loses the game, unfortunately, you lose your $100 bet.
When should you consider this type of bet?
Consider a -15 point spread bet when you strongly believe that the favored team will win by a wide margin.
This belief could be based on their recent form, past performance against the opposition, or other pertinent factors.
However, always bear in mind that such a bet is high-risk, as the favored team has to win by more than 15 points.
Finding the spreads with the most profitable odds
To find the most advantageous point spreads, I recommend using odds comparison tools, such as OddsJam.
These tools allow you to compare odds from different bookmakers, helping you identify the best value for your bets.
Using this strategy can potentially maximize your returns over time.
While it might seem complicated at first, with practice, it can become an invaluable part of your betting arsenal.